Bitcoin has begun rallying as of late, after hitting a new weekly Bitstamp low of $2,400, just two days prior on July 26 (GMT 15:00). Price movement and existing market volume, suggest that we may soon break past the $2,887.45 weekly high, if current resistance levels at $2,830.84 and $2,935.55 dissipate. One of the larger bitcoin centric exchanges, BTC-e, collapsed completely. Now that the price of a Bitcoin has been bid above $1000, I cant ignore it any longer. It begs for comment from financial bloggers*. Just this month, Bitcoin has gone from $200 to $1200, reportedly due to Chinese demand. Bitcoin has achieved price parity with gold and Google.** Bitcoin's literature has grown apace with its price. There is no end to how much you can read on the subject. I will ... Bitcoin has had a vibrant week, which began with a vicious but prompt plunge to the $5,101 weekly low. This was soon followed by a rebound that pushed the price up to the new $6,180 all-time high. Volume has been strong since then, although selling was until recently, outpacing buy orders by a wider margin, in just these past few days alone.
[index]          
(Mish Shedlock article) https: ... Also, please take 5 minutes to leave us a good iTunes review here! We only have about 57 5 star iTunes reviews and we need to get to our goal of 100 5 star ... Mish still believes that there will be some really bad deflation including a credit bust and asset prices crashing but he doesn't know the timing and for how long it will last. Jason Burack of Wall St for Main St had on returning guest, registered investment adviser (RIA) and popular economic blogger, Mike "Mish" Shedlock https://mi... Christine is a dental assistant who decided that she wanted to live in a tiny house for three reasons: because she likes small, cozy spaces, because she wanted ... Jason and Mish discuss the unexpected very large rally in copper prices and Mish thinks there's been a (bullish) trend change in gold recently. Gold may have bottomed in late 2016 or early 2016 ...